The Drama at Pride Center took another twist this morning as 400 retrenched employees were sent on compulsory leave until further notice. Just a day after the Industrial Court ordered Kenya Airways to reinstate 400 employees who had been sacked in September, the lot has been sent on…
The Industrial Court in Nairobi has ordered Kenya Airways to reinstate more than 400 employees who had been sacked by tomorrow morning. Making the ruling today, Industrial Court Judge James Rika termed the retrenchment exercise by Kenya Airways as ‘unlawful’ as regards the new Kenyan Constitution. Kenya…
Kenya Airways (KQ) believes that merging with Ethiopian Airlines and South African Airways will give them the competitive edge they need to fly as high as other international couriers. This comes with the promise of cheaper flights and high quality service.
Kenya Airways has unveiled some new Hot Deals for the holiday season. Flights to Paris for the next one week have dropped by KES 14,260. Flights to Kisumu appear to be about KES 4000 cheaper than before.
HIGHEST VOLUMES Our usual suspects graced the top traders for the day by volume. In first place again was Safaricom which saw 13.20 million shares traded. In second place (yet again) was Equity bank with 6.29 million shares, up from 4.59 million shares yesterday. Third spot…
Yesterday presented many an investor at the Nairobi Securities Exchange had a chance to bag a few notes since both major indices performed better. The 20-share is a list of the top 20 companies by market capitalization among the publicly listed companies. Such are what attracts foreigners as a…
There was a recorded increased performance from both the NSE 20-share index and the All-share index for the first time this week. Good news all round for investors whether they had a diversified portfolio or one focused on a few shares. The All-share index closed at 92.66 points,…
Emirates has announced a half year net profit of KES 48.88 billion for the 6 months to 30th September 2012 riding on stable passenger numbers. In the same period, Kenya Airways, reported a KES 4.7 billion loss citing falling passenger numbers.